Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1403.0000 (-1.04%) ($1368.1050 - $1403.0000) on Mon. Mar. 29, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.59% (three month average) | RSI | 48 | Latest Price | $1403.0000(-1.04%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1% a day on average for past five trading days. | Weekly Trend | MELI declines -3.6% a week on average for past two weeks. | Market Behavior | Normal for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) IWF(70%) ONLN(69%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -1.795% in a week (0% probabilities). VIXM(-39%) UUP(-22%) VXX(-8%) IGOV(-6%) TBT(-4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.795% (StdDev 3.59%) | Hourly BBV | 0.1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1476.83 | 5 Day Moving Average | $1413.74(-0.76%) | 10 Day Moving Average | $1448.98(-3.17%) | 20 Day Moving Average | $1476.83(-5%) | To recent high | -29.3% | To recent low | 2.3% | Market Cap | $69.743b | | | | MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina. |